Naseem Akhter's Group
Naseem has applied for a loan from Kiva's partner, Asasah, for her husband's business. With the loan, her husband will buy scissors, hair creams, gels and hair colors. Naseem is hopeful that with his 25 years of experience in this business, her husband will successfully improve his business and increase his income as well.
Naseem is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has proved herself as a responsible client who never misses any meeting and pays installments on time.
Note: In the photo, the lady who is raising her hand is Naseem Akhter.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid